Francesca's Hldg.

Francesca’s announced it is liquidating after filing for bankruptcy and has halted online sales and stopped accepting gift cards effective 2/27/2026; guests can submit claims for card value at cases.stretto.com/francescasacquisition. The retailer plans to close all U.S. operations, affecting more than 450 stores in 45 states and leading to layoffs including 202 jobs at its Houston headquarters. Company executives cited debt and lender-repayment problems, a default by its primary lender, supply-chain issues and an investor withdrawing pledged capital as drivers of the liquidation. » More on finance.yahoo.com

Francesca's has started nationwide liquidation sales and announced it will close all of its more than 450 stores. Vendors allege the chain owes about $250 million in unpaid invoices and say inventory being liquidated may include unpaid goods. The retailer has not yet filed but is expected to seek Chapter 11 bankruptcy when courts reopen on Jan. 20; Francesca's previously filed in 2020 and was sold to new owners in 2021. » More on finance.yahoo.com